Maruti Suzuki’s consolidated net profit fell 9.11% year-on-year to Rs 3,446.9 crore for the April-June 2026 quarter, down from Rs 3,792.4 crore, even as revenue rose at its fastest pace in several years.
Consolidated revenue from operations increased 35.91% year-on-year to Rs 52,469.8 crore, up from Rs 38,605.2 crore in the same period last year. Standalone net profit came in at Rs 3,352.1 crore, down from Rs 3,758.1 crore, while standalone net sales rose 36% to Rs 49,959.1 crore.
The company’s total sales volume for the quarter stood at 6,82,724 units, a rise of 29.3% year-on-year. Domestic small car sales grew 34.1%, SUV sales rose 44.6%, and exports increased 28.6%, taking domestic market share to 41.2%, up 2.3 percentage points.
Operating EBITDA margin declined to 8.22% from 10.4% a year earlier, as higher raw material costs and increased promotional spending weighed on profitability despite the strong sales growth.
The company said increased production capacity following the commissioning of its Kharkhoda plant in Haryana had supported the quarter’s higher output.
Maruti Suzuki shares closed 0.36% higher at Rs 14,239.40 on the BSE ahead of the results announcement on Friday, July 31, 2026.
The company’s export business has increasingly leaned on markets in Africa, Latin America and the Middle East as it looks to diversify beyond its traditional domestic base.
Maruti Suzuki’s results arrived during a busy earnings week for Indian markets, with Sun Pharma, Bajaj Finserv, Indian Oil Corporation and ABB among other large companies also reporting first-quarter numbers.
Separately, foreign institutional investors trimmed their holdings across several Nifty 50 companies during the quarter, even as domestic institutional investors raised their combined index ownership to a record 25.9%.
The company said the ramp-up at its Kharkhoda plant in Haryana added meaningfully to output during the quarter, helping it meet strong domestic and export demand.
Photo: Prime Minister’s Office, Wikimedia Commons, GODL-India
